5234 Platt Springs RdLexington, SC 29073

Property Details for 5234 Platt Springs Rd

Lot size

2.20 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents the D & R Mobile Home Park, a thriving 11-unit mobile home park situated in Lexington, South Carolina. Priced at $830,000, this value-add property boasts a strong 7.95% capitalization rate and 100% occupancy. The park comprises ten buildings, including a duplex and nine mobile homes, all owned by the park. Situated on a 2.2-acre lot with over 200 feet of frontage on Platt Springs Road, the property benefits from its prime location less than a mile from the rapidly developing Platt Springs Crossing mixed-use development. Recent improvements include four roof replacements and complete renovations of two units within the last three years. The property consists of two parcels sold together, zoned ID, and features convenient access to major roadways, including the Interstate system and Downtown Columbia. Surrounded by retail and residential growth, this mobile home park represents a compelling investment in one of Lexington's fastest-growing areas, offering significant potential for future appreciation. The property's strong NOI of $66,000 further underscores its financial viability. The APN is 006529-03-020 | 006529-03-024. This is a turnkey investment ready for a new owner.

Location Insight

City

Lexington

County

Lexington

State

South Carolina

Latitude

33.9094

Longitude

-81.207

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